Thailand is a country located in Southeast Asia, with the area of 513,120 km² and with the population of 68 million people. Thailand is well – known for its tourism, beautiful beaches, low prices and friendly business atmosphere. The investment visa program is not a new thing for Thailand. In 1997, when there was a crisis, the Government decided to establish the investment program in order to help Thai businessmen sell their leftovers from the business. Besides that, Thailand is very cultural country and has one of the fastest growing economies in Asia. Because of the low real estate prices and affordable standard of living. Thailand became one of the most attractive places on earth for tourism and for doing business.
RESIDENCY BY INVESTMENT
- One of the fastest growing economy in the region.
- One of the best places for doing business.
- Well known for its tourism and beautiful beaches.
- Low cost of living.
- The permanent residency does not expire and just needs to be renewed in every ten years.
Thai permanent residency has a lot of advantages such as: unrestricted right to live, study and work in Thailand. The permanent residency does not expire and it can be renewed in every ten years. In case if the investor wants to travel internationally, he/she must apply for re – entry permit before leaving the country. With the permanent residence permit, the investor can become a director of the public company, which will be registered in Thailand. The permanent residence permit is the way to Thai passport.
The investor is entitled to apply for the Thai citizenship, if he/she resides in the country for ten – year period. The Thai immigration process is regulated by 3 primary legal acts: Alien Working Act, the Nationality Act and the Immigration Act. The process of obtaining permanent residence permit is not an easy thing and needs some time depending on the type of investment.
Once an investor obtains a permanent residence permit, he/she will receive a residence blue book. Afterwards investor must register his/her place of residence and obtain a house card. After one weak, when investor receives his/her residence certificate, he/she can apply for the alien book (the red book) in police station. This alien book is similar to national ID card.
Processing Fee USD 1,000 Due diligence for main applicant USD 7,500 Due diligence for spouse USD 4,000 Qualifying dependent aged 16 years and above USD 4,000 Passport Application fee per applicant USD 65 Certificate of Naturalization fee per applicant USD 250
Understand the program, sign the retainer agreement and application preparation.
Month 2 - 3
File reviewing, submission, due diligence process and final decision.
Month 3 - 6
Comfort letter issuance, contribution payment, naturalization certificate and passport issuance.